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by lotsofpulp
1385 days ago
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A logo’d shirt is a poor example of a Veblen good. Per wiki >A Veblen good would be something where the demand increases as the price increases. Shirts with logos are actually priced lower than shirts with logos. They might signal that someone can ship at an outlet mall rather than Walmart, but not much more. All the high end clothing will not have conspicuous logos. |
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https://www.saksfifthavenue.com/product/balenciaga-large-fit...
I wonder if there’s a dip with mid/high end products, but the “very high end” “designer” brands are very logo centric.